You should be well aware that zinc caused catalytic converter plugging issues. While it may no longer be the case simply b/c they've been reducing those amounts over the last several years it was the case for a bit.
No, it's phosphorous that can potentially cause issues for catalysts as well, moreso, GPF's and DPF's.
The limit on phosphorous for the RC grades was put in place for API SM but does not apply to xW-40's and xW-50's since they are not RC. Reductions in phosphorous more broadly (though not to the same degree) was brought in under the ACEA C-series protocols to protect DPF's initially, and then later extended to GPF's when they began to appear.
Think about it... A high mileage cat is going to have some deposits...right? The HM oils being tailored to HM vehicles with cat deposits that oil is going to try & reduce the chances of plugging the cat further. That was something I just didn't pull out of thin air.
HM oils typically have higher levels of seal conditioners and are often a bit heavier. I've provided a counter-example to your claim, if you wouldn't mind supporting your statement by providing some examples of HM oils that have lower phosphorous levels than their non-HM siblings, I'd appreciate it.
Here are a few more from the PQIA site.
- Castrol GTX vs GTX HM, the HM again has higher phosphorous:
Pennzoil vs Pennzoil High Mileage, again the HM oil has higher phosphorous:
Valvoline 5W-30 vs Max Life 5W-30, again the HM oil has more phosphorous:
What is good for a high mileage vehicle might be good for new vehicles so the approach to reducing this oil additive is the main reason to prevent cat clogging these days across the board new & used.
Phosphorous was reduced for the RC grades because they were more likely to consume, being thinner. This didn't apply to the heavier non-RC grades because they are less likely to end up in the exhaust system. This is also likely why the HM oils are generally heavier, which you can also see in all of my above examples.
With grades like 0W-16 and 0W-12 becoming more common and the odds of consumption being further increased, this becomes more important. If we add in GPF's, which are far more sensitive to poisoning, this further underscores the issue.